Community First Credit Union home loans

Community First Credit Union

Community First Credit Union's overall rating for home loans

(as rated by the Mozo community)

8.3 / 10

based on 16 reviews

Community First Credit Union is a big bank alternative, consistently providing its customers with great value products and friendly service. The 4.5 million Aussies who bank with credit unions or building societies can’t all be wrong - so whether you’re after online access or face-to-face service, check out the home loans on offer from Community First.

Rates and fees verified as correct at 19 November, 2018. Other information correct at the time of writing.

What home loans do Community First Credit Union offer?

Starting at $50,000 and available for up to 95% of the property’s value, Community First’s fixed rate home loan offer gives you the certainty you need to plan an airtight budget. You can choose to make repayments weekly, fortnightly or monthly, and make additional fee-free repayments up to $25,000 per year. If you then find yourself needing some of those funds back, you can make use of the fee-free redraw facility and to keep interest costs down, you’ll have the use of a 100% offset account. On this mortgage offer, you’ll pay upfront application, legal and valuation fees. For a little added flexibility, there’s also the option to split your home loan between fixed and variable rates.

There are a couple of different variable rate options to choose from with Community First Credit Union, which are available from $10,000 up to 95% of the property’s value, depending which offer you opt for. You’ll pay legal, valuation and application fees, and have the choice of making monthly, fortnightly or weekly repayments. Most options come with a free redraw facility, and the opportunity to make fee-free extra repayments - although this feature is capped at a value of $25,000 during the introductory fixed term on the Honeymoon Home Loan offer. You’ll also have the use of a 100% offset account to help keep interest costs down, unless you opt for the True Basic Home Loan which doesn’t include this feature.

Community First Credit Union’s variable rate Accelerator Home Loan package is available for up to 95% of the property’s value, starting from $100,000 and is available as a principal and interest or interest only loan. With this package you’ll have the full suite of flexible features, including free extra repayments, a free redraw facility and a 100% offset account, which is accessible via a Community First Visa card or an old school cheque book. You’ll pay a yearly service fee for all these features, but the good news is the package also comes jampacked with added benefits, like a waived annual fee on your Community First credit card, no application fee on personal loans and a discount on the first year’s premium for home and contents or car insurance.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

You can tailor any Community First home loan to your schedule by choosing to make repayments on a weekly, fortnightly or monthly basis.

How are Community First Credit Union home loans rated?

Wondering how Community First Credit Union compares to the competition in the eyes of its customers? Read our customer reviews to find out how real people think Community First performs in areas like convenience, customer service and trust.

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